Kaspa (KAS) Price Prediction: Market Sentiment Reaches Peak, Can Long Positions Hold Above $0.090?

Kaspa (KAS) short-term pump has surged, with today's (18th) Asian early session reporting at 0.098 USD, undoubtedly drawing the attention of traders and analysts. After a brief breakout above 0.096 USD, the stock quickly closed a large number of short positions, demonstrating strong momentum.

What is striking is not only the price trend, but also the community sentiment index on CoinMarketCap, which has reached 97%, setting a new high for some time. Given that the price remains above the key trend line, the biggest question now is whether the bulls can maintain control, or if the market will begin to slide into a lower liquidity area.

Kaspa Daily shared on X that most short positions were liquidated when the price dropped to $0.096. However, when the price retraced, there was still some liquidity in the range of $0.07 to $0.075, which may come into play.

Their other post emphasized the surge in emotions, indicating that the confidence of Kaspa supporters is strengthening. All of this aligns with the 4-hour chart, which shows a clear upward trend, but is now entering a potential critical test.

KAS Price Analysis

According to Captain Altcoin, the four-hour chart of KAS price shows a steady upward trend, with higher highs and higher lows since the beginning of July. Currently, the price is trading on DEX close to $0.092, well above its 30-period moving average and the rising orange trend line supporting this trend.

This trendline has always been a solid support point during a series of pullbacks. The important demand zone between 0.078 and 0.083 USD remains intact, providing a support foundation for the latest round of pumps. As long as the price stays above this convergence area, the trend remains clear.

(Source: Trading View)

KAS Price Resistance and Momentum Indicator

The KAS price has broken through and reached $0.09400, and this local high point has now become the recent resistance level. Psychological levels such as $0.095 and $0.100 may attract traders' interest. Although no strong resistance levels have been found on the chart, the current structure still shows potential for continued upward movement.

Technical indicators support this outlook. The 30-period EMA is on an upward trend and serves as a dynamic support level. The current RSI reading is 61.36, remaining in the bullish zone and not overbought. The yellow signal line on the RSI is also rising, indicating that after a brief cooldown, the upward momentum is resuming.

KAS Liquidity Zone and Sentiment Trend

Kaspa Daily points out that the recent rise to $0.096 has eliminated significant liquidity expenses. With most short positions being liquidated, the market now faces a decision point. If the bullish structure continues, prices may attempt to break through again.

However, breaking below the ascending trend line and the support level of 0.088 USD could lead to the price dropping to the liquidity area between 0.07 USD and 0.075 USD.

Market sentiment has also played a certain role. The 97% bullish consensus on CoinMarketCap reflects that the vast majority of traders are leaning bullish. While this confirms the current trend, it also raises a question: has this excitement reached its full potential?

The KAS price is still in a clear upward trend, with strong market sentiment, and there is a solid support base below the current price. As long as the support level at $0.090 remains intact, traders may continue to be optimistic about the upward trend. However, the resistance level at $0.094 and the potential liquidity pullback area will be key areas to watch in the coming trading days.